GERMANY: Volkswagen to slash 4,000 jobs in Brazil - report
Volkswagen's Brazilian arm is to slash nearly 4,000 jobs as part of measures to counter the weak car market in Brazil and its key export markets, the firm said late on Sunday, according to Reuters. Citing a VW statement, Reuters said some 3,933 jobs would go at the company's Taubate and Anchieta plants -- around 16% of a Brazilian workforce of 25,000.
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